KKR Sweetens Offer for UK’s Assura With £1.6 Billion Bid (1)

KKR & Co. raised its offer for Assura Plcby almost 3% after the UK health-care landlord rejected its previous takeover bid.

A group comprising KKR and Stonepeak Partners made an indicative, non-binding cash proposal of 49.4 pence a share, valuing the company at £1.61 billion ($2.08 billion). That represents a premium of about 32% to Assura’s closing price on Feb. 13, according to a filing Monday.

The latest terms would see Assura shareholders retain the declared quarterly dividend of 0.84 pence due to be paid on April 9 and receive a cash consideration of 48.56 pence per share. The ...